Loading ...Adrian’s analysis is great… just great. Stock is down 4% today. I’m down 30% on all the wonderful ECU news. When they confirm the ‘Mother Lode’ it will become a penny stock, literally, at this rate. Is it time to pinch my nose and flush the last of my cash down this hole of hope?
a couple of decades ago, the money managers of the day usually used three moving averages along with other ta. the longest term was referred to as baseline (say 200 day), intermediate (100 day), and minor (50 day). trades would be entered and exited as these moving averages crossed each other. please remember that markets moved much slower in those days and personal computers were not common then. the averages were computed every day by hand.
with the advent of computers, the fine tuning of the moving averages were applied to every individual market and an overlay was made of the charts. the result was that they may use a baseline of 300 for awhile and then the fine tuning results may move the baseline to 280 (or whatever the fine tuning result was). i don’t know of any results to publish, but for some time, the three line crossover on the moving average was the holy grail of trading and investing.
the market always knows how to defeat the systems when large sums of money are deployed often enough to form a pattern . the baseline average is still used for long term trend determination for those who are in for the long haul. probably the safest, most conservative trade is the rare occasions when the market approaches a long term average and a trade is made with the trend, and the stop is a weekly close under that average.
rno
Monty is a dedicated longtime meditation practitioner J.S.
And this our life, exempt from public haunt, Finds tongues in trees, books in the running brooks, Sermons in stone, and good in everything. …shakespear
Bill,
ECU released the results of their Massive Sulfide vein intercept today. They were stellar!
biz.yahoo.com/ccn/080709/200807090473164001.html?.v=1
In my recent article I noted that from the ECU July 2 PR that “confirmation of the assays” was pending not the assays themselves. That was the clue that ECU had hit something very significant and they have not disappointed with today’s release.
It should be noted that the GOLD content increases dramatically between the first vein and the second (3.66 ->7.9 g/t). The release also says
QUOTE
The most favourable portion of the alteration zone is the contact between the intrusive and the marble/skarn where thick lenses of massive sulphides typically form.
END
And…..
QUOTE
At depth, the drill reached its maximum drilling depth and stopped within the marble/skarn alteration zone before hitting the intrusive.
END
So we have an increasing and already impressive gold grade and they haven’t hit the favorable intrusive contact yet. The Massive Sulfides are also rich in silver and base metals. The second vein is around 1 oz per tonne of gold equivalent! This is already spectacular but it is likely to increase as the intrusive contact is encountered as inferred by ECU! What is even more exciting is that the intrusive contact body could well be in excess of 3 million tonnes (these are my estimates base on a 500m x 100m x 15m mineralized intrusive contact which is reasonable considering the size of the intrusive) . The math on those numbers is stupendous! Judging by the response of the market investors are not paying attention to this. This latest news is showing that ECU has indeed very likely hit the “MOTHERLODE” which will transform the company but it seems that investors need it to be spelled out!
Another impressive aspect of the press release was the fact that this drill hole will allow an inclusion of an inferred resource block that is 160% taller in height than what is currently included (2.6x). The current block is 70 million ozs but the new drill will also increase average grades so the inferred category could increase by more than 2.6x to over 180 million ozs of silver eq.
I saw one pathetic analyst report today that only mentioned the increase in the inferred category as the implication of this new drilling!! Hello! The lights are on but is anyone home? What about the implications of hitting the mother lode; the evident source of all the Santa Juana mineralization? It is difficult to know how some people become analysts. It seems they don’t even have basic reading skills!
The fundamentals for ECU are now getting explosive. It will take very little additional drilling for this to become OBVIOUS to even a six year old and perhaps some analysts!
Cheers
Adrian
you about 4 months ago, to which you did’nt respond. So I will understand if you dont respond this time either. What I am trying to figure out is whether you are just having fun with Goldtent readers, or trying to give a misleading message, when you at least once a week say that POG’s 300 dma has risen again today. At 20:59 today you parenthetically added the words “A real shocker, huh?”. I take the latter as your sense of humor, and if that is your intent, I appreciate it and understand it.
If you go back about 300 days (for simplicity, lets just say to July 2007), POG was at around 650. So to calculate tomorrow’s 300 day moving average you are going to drop off one item at around 650 in that statistical universe and add a new item in the universe at around 929. So, of course, the 300 dma is going to be higher tomorrow than it was today because you’re adding a 929 and subtracting only a 650. And the same will be true the day after tomorrow as well - simply because of the large statistical difference between a figure around 650 and a figure around 929. And the 300 dma is going to keep going up everyday, even if POG drops to 850 or 800 or even much lower.
Just thought I would mention this to explain why I dont wet my pants with excitement to learn that the 300 dma for POG is still rising and will be for some time ahead of us. I just wish it would help the share value of our junior gold stocks. Cheers. Equiz.
BILL:
I cannot believe what I am hearing on the TV SHOW FAST MONEY about GOLD. These are supposed smart guys in the financial industry. Guy Adami recently said ” Since the producers have been covering many of their hedges the only people left buying gold are just the speculators”. Jeff Mackey said “The only people that buy GOLD are doomsdayers”. Pete Najarian said when asked about buying commodities that he would not choose GOLD because it has no use. That is exactly what he said and I have to believe that is the most stupid reason I have ever heard for not buying GOLD.
I am sure if these guys were told that their houses were burning down slowly but they could still buy insurance, they would fall all over themselves to do so. Now they must see many small fires burning in the global financial system some about to go into a huge blaze yet they see absolutely no reason to insure themselves with some financial position in GOLD.
Howie Katchen—-Marina Del Rey, Ca.
…look at the long term chart……looks like we just retested the old 2000 high…looks like Lots of resistance here ?
could anyone put up a 15 year dow chart ?
Here’s a 5 Year
stockcharts.com/h-sc/ui?s=&p=W&yr=6&mn=0&dy=0&id=p35398630957&a=128205963&listNum=3
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”
Congressman Louis T. McFadden in 1932 (Rep. Pa)
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Goodnight, everyone.
JBI
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Mainly it is this lame brain concept of deflation that has investors all tied up in knots…….It is THE major barrier to investment dollars flowing to the explorers and their projects…….which motivates the shorting of the shares……….as the PM investors shoot themselves in the feet, again………and again……..and again…………. When the “Inflationary reality” truly hits- the explorers will simply explode to make up for lost ground……..as investors re-learn history- it’s not about the earnings……………..”It’s about the reserves, stupid.”
..gotta save it at humour Links
..is that really for real ?
…what an article
Up is UP! 
JBI . . . . . . . . . . . . . . . 
